Jan 29, 2013 5:00am PST
. >>> the u.s. economy is still described as shaky but don't tell that to investors who are driven large u.s. stock indexes to all-time highs especially this month. jill schlesinger, editor at large for cbsmoneywatch.com is here to tell us why the stock market is rising so steady. good. >> reporter: good morning. >> we are up 5% and still in the month of january? that's unreal. why? >> reporter: i hate to be asking questions why, but let's start with three factors outside of the u.s. for the first time in over two years we're not talking about europe because they are no longer in crisis mode. next, you know, we saw a big chinese bubble in property and it burst and economists thought that the country would enter into a prolonged downward spiral but actually china avoided the much feared hard landing and has resumed growing. and finally, after two decades of stagnation, a new round of japanese officials has been elected and they are starting to address the economy in ways not seen in a while. so three good reasons outside the u.s. >> how about here in the u.s.? what's going on here?
Jan 28, 2013 5:00am PST
economy. absolutely it's good for the economy. you know, there's a relationship between mood and spending. and when people feel good, they spend more. >> they feel good right now. >> they feel really good right now. very excited right now. >> reporter: fans feeling really good because this is the first time the 49ers have been to the super bowl since 1995. a successful season can also provide some priceless benefits and improve city image. a lot of exposure and most importantly, bragging rights. live in san francisco, elissa harrington, cbs 5. >>> the bragging rights is worth it alone. so go 9ers. so super bowl xlvii as you can imagine is trending big time on all the social media outlets and cbs 5 reporter cate caugiran has more from the newsroom. i need you out here to put that special app on my iphone. i don't know how to do it. >> after this, i will set you up and show you how to download it and you will be all super bowl -- basically, the pinnacle of knowledge. because right now, that's what's trending. actually the first thing that's trending is that last-minute push to get
Jan 25, 2013 5:00am PST
a good jolt despite the weak economy. the company reported a 13% increase in profits for the second fiscal quarter. part of that is due to brisk sales in china where starbucks is expanding. the other big driver is that more customers are actually buying food with coffee. they have some good breakfast sandwiches. i don't know if you have tried them. >> i've tried everything there. [ laughter ] >> i'm a card carrying member. >> why not. >> do you mail a lot of letters? you will have to pay another penny to mail out a bill or a letter. >> reporter: that's right. the u.s. postal service is raising the cost of a stamp by a penny to 46 cents for a letter and 33 cents for a postcard. the change will begin this sunday. now, if it seems like the price of stamps went up not too long ago you're right. it was one year ago this week actually when we saw the last one cent increase. the hike comes as the postal service continues to struggle to make money. i think i have like three books of holiday stamps that i'm going to have to buy those one penny stamps to make those work probably throughout th